If you Owe more than $30,000 contact us for a case evaluation at (833) 428-0937
contact us for a free case evaluation at (833) 428-0937
Call us (833) 428-0937

Signs You Need to Close Your Business Doors

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Signs You Need to Close Your Business Doors

Signs You Need to Close Your Business Doors

Most small business owners take immense pride in what they've created, and seeing it fall into financial ruin can be devastating to say the least. However, there may come a time when you need to close your business's doors. Continue reading to learn more, and contact Protect Law Group, a SBA debt resolution attorney for a free consultation today.

office worker with back pain

Your Personal Health Has Suffered

If you are spending countless sleepless nights because you are worrying about the vitality of your business, if you've gained weight, if you've stopped exercising, and if you've stopped doing your hobbies, then it's probably time to consider closing your business's doors.

stressed out small business owner

You Constantly Feel Overwhelmed

There is no doubt that running a small business takes a lot of work, and going it alone or with just a few employees can be completely overwhelming. If you are constantly feeling defeated, deflated, and indifferent, it may be time to move on to something else.

employee handing in resignation letter

Your Key Employees Are Leaving

If your business is not working, your employees are usually the first to see it. When you start losing key employees, morale is low, and your employees are doing more complaining than problem solving, your business is suffering.

small business owner analyzing finances

You Can't Pay Your Debts

When you are perpetually going into the red every month to keep your business afloat and you can't pay your debts, there will come a time when your funds have dried out. Hopefully, you won't lose everything before then. If you are in default on an SBA loan, let our SBA attorneys help.

PARTNER WITH PROTECT LAW GROUP TODAY

Protect Law Group specializes in helping those whose SBA loans are delinquent or in default status. Our mission is to help you obtain a favorable outcome and not lose everything you've worked so hard to build. Call for a free consultation today!

Why Hire Us to Help You with Your Treasury or SBA Debt Problems?

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Millions of Dollars in SBA Debts Resolved via Offer in Compromise and Negotiated Repayment Agreements without our Clients filing for Bankruptcy or Facing Home Foreclosure

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Millions of Dollars in Treasury Debts Defended Against via AWG Hearings, Treasury Offset Program Resolution, Cross-servicing Disputes, Private Collection Agency Representation, Compromise Offers and Negotiated Repayment Agreements

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Our Attorneys are Authorized by the Agency Practice Act to Represent Federal Debtors Nationwide before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service.

$58,000 SBA 7A LOAN - AWG HEARING DEFENSE

$58,000 SBA 7A LOAN - AWG HEARING DEFENSE

Client personally guaranteed SBA 7(a) loan balance of $58,000.  Client received Notice of Intent to initiate Administrative Wage Garnishment (AWG) Proceedings.  We represented client at the Hearing and successfully defeated the AWG Order based on several legal and equitable grounds.

$220,000 SBA 7A LOAN -DOT WAIVER OF ADMINISTRATIVE FEES & COSTS

$220,000 SBA 7A LOAN -DOT WAIVER OF ADMINISTRATIVE FEES & COSTS

Clients personally guaranteed an SBA 7(a) loan that was referred to the Department of Treasury for collection.  Treasury claimed our clients owed over $220,000 once it added its statutory collection fees and interest.  We were able to negotiate a significant reduction of the total claimed amount from $220,000 to $119,000, saving the clients over $100,000 by arguing for a waiver of the statutory 28%-30% administrative fees and costs.

$750,000 SBA 504 LOAN - NEGOTIATED TERM REPAYMENT AGREEMENT

$750,000 SBA 504 LOAN - NEGOTIATED TERM REPAYMENT AGREEMENT

Clients personally guaranteed SBA 504 loan balance of $750,000.  Clients also pledged the business’s equipment/inventory and their home as additional collateral.  Clients had agreed to a voluntary sale of their home to pay down the balance.  We intervened and rejected the proposed home sale.  Instead, we negotiated an acceptable term repayment agreement and release of lien on the home.

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